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Effectus [21]
3 years ago
12

a house in Florida is priced at $155,000 the rent on a comparable houses $950 per month find the price to rent ratio​

Mathematics
1 answer:
zysi [14]3 years ago
8 0

<u>Answer: </u>

The price to rent ratio calculated is 13.6.  

<u>Explanation: </u>

As per the stated question,

the house in florida was priced at $155,000 and

the rent that was comparable houses was $950 per month.  

The house rent for a year can be calculated as 950 x 12 = 11400

Henceforth, the formulae for price to rent ratio was given as

\text { rent ratio }=\frac{\text { median home price }}{\text { median home rent }}

=   \frac{155000}{950 \times 12}=\frac{155000}{11400}=13.6

therefore the price to rent ratio is 13.6

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3 years ago
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